BANGALORE, INDIA: Dell Ventures, the investment arm of Dell Inc, will invest $60 million as early stage investment fund, called Dell Fluid Data Storage Fund, in five to ten storage start-ups.
"Our storage investments will align to the Dell Fluid Data architecture strategy with the end game of bringing more affordable and easier to manage storage solutions to more of the market. We are looking to change the economics of the storage industry by doing two things – bringing high-end enterprise features to the broad mid-market and solving enterprise problems at a midrange price point. Our storage investments will align to these tenets that we see as key to the future of storage."
Dell plans to obtain equity positions in these companies with average investments of $3-5 million per round.
"We plan to invest more than just money; we will contribute with sweat equity too, bringing the power of Dell to startups. Unlike pure financially oriented VCs (whom we plan to co-invest with), we bring a global brand and footprint, technical expertise and IP, OEM and go- to- market capabilities," the release adds.
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